Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...

Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately revamp their electronic transaction platforms. According to the House, the move has become necessary in the aftermath of the recent CBN...

CBN, DBN Urge MfBs To Improve Sustainable Banking     The Development Bank of Nigeria and the Central Bank of Nigeria have urged microfinance banks and other participating financial institutions to improve their sustainability efforts and become more responsive to their social and ecological environment. The banks said...

Banking, Industrial Goods Lead As Stock Market Gains N15bn     The Nigeria stock market on Thursday closed marginally higher with a 0.13 per cent gain, halting the previous day’s negative sentiment. This followed bargain hunting on mostly banking and industrial goods sectors. The market breadth closed positive,...

30% Of Banking Revenues Come From Digital Payment   About 30 per cent of banking revenues are said to be coming from the various digital platforms made available to customers. This was disclosed by the Managing Director and Chief Executive Officer, Guaranty Trust Bank (GTB) Plc, Segun...

Banking,Industrial Goods Stocks Top Market Gains   The nation’s stock market gained N156bn in four straight days as banking and industrial goods equities listed on the Nigerian Stock Exchange came under buying pressure last week. The market recorded one day of losses and four consecutive days of...